Global stocks stutter at end of best week since June
Nagging coronavirus worries took a swipe at world markets on Friday but failed to stand in the way of the best week for stocks since June and the strongest for the dollar since August.
Swiss watchdog continues Credit Suisse probe after CEO goes
Swiss markets watchdog FINMA is still examining corporate governance issues at Credit Suisse after Chief Executive Tidjane Thiam resigned amid a scandal over surveillance of managers, the agency said on Friday.
AbbVie leans on new treatments to forecast upbeat 2020 profit
AbbVie Inc on Friday forecast 2020 earnings above Wall Street estimates as the drugmaker expects growth to be powered by its new treatments for psoriasis and rheumatoid arthritis at a time when sales of its blockbuster drug Humira slow.
Sweden says U.S. interest in Ericsson logical for 5G capability
U.S. interest in Ericsson is logical given that it is one of only a few companies offering a complete portfolio for the rollout of super-fast 5G mobile telecoms networks, Sweden’s Minister for Energy and Digital Development said on Friday.
Futures back off after four-day rally ahead of crucial jobs report
U.S. stock index futures retreated on Friday following a four-day run this week that lifted the Wall Street’s main indexes to record highs, with attention turning to the crucial monthly jobs report.
Thiam quits as Credit Suisse CEO after split with chairman over spying scandal
Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle with Chairman Urs Rohner at Switzerland’s second-biggest bank, triggered by a damaging spying scandal.
Sparkle fades as coronavirus risks wiping out luxury goods growth
The luxury goods industry normally relishes the spotlight, but in the case of China’s coronavirus it is ruing being one of the most globally exposed sectors to an epidemic that risks all-but wiping out its sales growth this year.
Credit Suisse chairman says many shareholders back board on CEO exit
Credit Suisse Chairman Urs Rohner said many shareholders have backed the board following the departure of Chief Executive Tidjane Thiam in the fallout from a spying scandal.
ArcelorMittal, commissioners extend talks on Italy’s Ilva plant: lawyer
ArcelorMittal and commissioners of the Ilva steelworks in southern Italy have agreed to extend talks to the end of the month after making progress towards a possible deal to buy the plant, a lawyer for the company said on Friday.
Blue collar boom? College grads, baby boomers big winners in Trump’s economy
U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the “1%” since he became presiden…
